AJQ 0.00% 10.0¢ armour energy limited

Ann: Entitlement Offer - Extension to Closing Date, page-20

  1. 1,201 Posts.
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    Lets wait and see what the company announces, my veiw is that the gas rate wont be much better but if so only by a fraction. Tubing doesn't increase the gas rate only the velocity. Most companies wouldnt even complete this well capex dosent way up IMO

    Possibly they will run some production logging tools before the tubing is run to further investigate whats happening down there. The well should well and truly be stable by now and any slugging would be done with if the well for some reason is still slugging that would suggest to me that the formation pressure is to low to unload it meaning not much gas. whatever rate they announce is what it will be full stop.

    As far as im concerned all that NM is good for is raising funds with his mates.
 
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